Investor relations

BNG is the largest bond issuer in the Dutch public sector after the Dutch state. Half of BNG's capital is held by the Dutch State. The other shareholders are municipalities, provinces and a water authority.

Information for investors

Funding strategy Issuance programmes Bond issues ESG bonds

Social impact

Our public shareholders are long-term stakeholders and support our strategy aimed at creating added value and a lasting social impact. We can achieve this ultimate impact first and foremost by issuing bonds on the capital markets. Thanks to our strong relationship with our investors, our clients are ultimately able to realise important social projects: from sustainable housing to modern hospitals.

Key facts

Rating Aaa / AAA / AAA (stable / stable / stable)
Leading lender to the Dutch public sector
100% owned by the Dutch central and local government
Annual long-term funding programme: EUR 15-20 billion
Promotional bank: BNG is a promotional bank, which means that at least 90% of the loans we provide are (in)directly guaranteed by the government. In addition, we promote public sector policy objectives by providing promotional loans on a not-for-profit basis
National systemic bank: BNG maintains an additional buffer because the Dutch central bank has designated BNG as a bank of national systemic importance

Facts & figures

External Credit Ratings

Aaa / AAA / AAA

Highest ratings assigned by Moody's, S&P and Fitch with a stable outlook

Long-term loan portfolio

€ 94 bn

More than 90% of the loan portfolio is zero risk-weighted

Common Equity Tier 1

41%

Well above minimum required capital ratio of 13,25% by the ECB

Leverage ratio

10%

Representing a strong financial position (minimum required: 3%)

Latest news

All news articles

News Article

BNG issues USD 2bn 10 Year Benchmark

8 January 2026

In the first issuance week of January, BNG took advantage of constructive USD-market conditions to successfully issue a new USD 2 billion 10-year benchmark. The transaction gained strong momentum from the outset, generating Indications of Interest (“IOIs”) in excess of USD 3.1bn. The orderbook continued to build steadily throughout the process, reaching a final book size of USD 7.9bn excluding Joint Lead Manager interest.

News Article

BNG’s bonds strenghten global standing with LCH collateral eligibility

1 December 2025

BNG’s EUR and USD bonds have been accepted by LCH, one of the world’s leading clearing houses, as eligible collateral. This recognition underscores the exceptional credit quality and deep market liquidity of BNG bonds.

News Article

BNG launches green loans pilot for social housing associations

4 November 2025

BNG has launched a pilot for green loans, specifically developed for Dutch social housing associations that invest in sustainable new-build and renovation projects. With this new type of financing, BNG wants to help speed up the process of making the Dutch housing stock more sustainable.

Download investor presentation

Learn more about BNG, our mission, the public sector and economy of the Netherlands, and our financing activities.

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Questions?

Contact BNG Treasury & Capital Markets.